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ZIP Code · VA

ZIP 23221

Part of Richmond, VA
Pop. 14,402·Richmond City·136th most expensive ZIP in Virginia
Median rent (all units)
$1,749/mo
Year-over-Year
+6.5%
Month-over-Month
+1.3%
vs US Median
-$216
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 23221 · $1,749
More affordable than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$1,810
2 BR
$1,990
3 BR
$2,490
4 BR+
$3,070
Research median
$1,990/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,988/yr
At $1,749/mo median
Location
StateVA
CountyRichmond City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.5% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 23221 (Richmond, VA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 78.6% of residents hold a bachelor's degree or higher.

Population
14,402
Median income
$99,816
Median age
36.9
Renters
48.1%
Age distribution
13.5%
32.5%
28.3%
13.2%
12.4%
Under 1813.5%
18–3432.5%
35–5428.3%
55–6413.2%
65+12.4%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
86.1%
White86.1%
Black4.7%
Hispanic3.5%
Asian1.1%
Other4.6%
Education (25+)
14.5%
78.6%
No HS diploma1.8%
HS diploma5.1%
Some college14.5%
Bachelor's+78.6%
Housing tenure
51.9%
48.1%
Owner51.9%
Renter48.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 23221 in Richmond, VA has changed in 5 years

Rent
$1,240 → $1,749
up 41.0%
Income
$87,218 → $99,816
up 14.4%
Population
14,363 → 14,402
up 0.3%
Renter share
48.6% → 48.1%
-0.5 pts
Bachelor's+
75.9% → 78.6%
+2.7 pts
Median age
35 → 36.9
+1.9 yrs

Rent in ZIP 23221 in Richmond, VA has climbed 41.0% since 2021, going from about $1,240 per month to roughly $1,749 today. Median household income grew from $87,218 to $99,816 between 2021 and 2024, a 14.4% shift. Rent outpaced income growth by roughly 26.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 75.9% to 78.6%. Taken together, the five-year picture in ZIP 23221 in Richmond, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

Tips for renters in ZIP 23221

About renting in ZIP 23221

Last updated: July 20, 2026

ZIP code 23221 covers Richmond, VA. The median rent here is $1,749/mo as of July 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $1,990/mo.

At 21% of local median household income ($99,816/yr), ZIP 23221 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23221?

As of July 20, 2026, the median monthly rent in ZIP 23221 (Richmond, VA) is $1,749. This is based on aggregated data from public sources and community submissions.

How does ZIP 23221 rent compare to the US average?

ZIP 23221's median rent of $1,749/mo is $216 (11%) below the US national median of $1,965/mo.

How does ZIP 23221 compare to other ZIPs in Virginia?

ZIP 23221 is among the more affordable ZIP codes in Virginia, ranking #136 out of 198 ZIPs at $1,749/mo.

How much income do you need to rent in ZIP 23221?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,749/mo in ZIP 23221. The local median household income is $99,816/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23221?

Rent in ZIP 23221 has increased 6.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23221 an affordable place to rent?

ZIP 23221 is considered very affordable for renters. At $1,749/mo, rent takes approximately 21% of the local median household income ($99,816/yr). The standard benchmark is 30%. ZIP 23221 falls comfortably within that range.

What percentage of ZIP 23221 residents rent vs. own?

According to Census data, approximately 48.1% of ZIP 23221 households are renters, while 51.9% are owner-occupied. ZIP 23221 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23221 compare to the rest of Richmond?

ZIP 23221 is pricier than Richmond as a whole. At $1,749/mo, it's $67 above the Richmond citywide median of $1,682/mo.

When was rent data for ZIP 23221 last updated?

Rent data for ZIP 23221 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,749/mo, rent takes ~21% of ZIP 23221's median household income ($99,816/yr). The standard benchmark is 30%.

ZIP 23221 21%Benchmark 30%
State income tax2–5.75%
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